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  • #341
  • Nov 10, 2009 1:39am Nov 10, 2009 1:39am
Quoting weisiong00
i want to ask one question about the three block method. i need to use the sm C4scalper signals_v1 to confirm a trade i cannot found in the manual.If yes how to match with the three block rules.http://cdn.forexfactory.com/images/icons/icon5.gif
Look in the Mandatory Indicators file on the first post. Its in there.

This indi is NOT used in the Three Block Method. If you are trading the Three Block Method, do not put it on your charts. It is not a part of the setup.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #342
  • Nov 10, 2009 1:58am Nov 10, 2009 1:58am
oh i saw it.thanks and i using this system for a while already and the result is ........WOW..... surprise me but i still need to put more effort man since i still blur sometimes without looking the manual.GOOD SYSTEM
  • #343
  • Edited 5:21pm Nov 10, 2009 5:01pm | Edited 5:21pm
Hi everyone, i just want to know if someone can tell me why the template posted on the first post on this thread don t work ? When i applied on my chart it freeze and i need to shut down my plateform and i have the mandatory indi in my MT4 indicators folder ! If someone has already answer this question please just tell me the number of post it already did Thanks

Luk

P.S. i thinks it s because of xADR 0.2 it has a bug !
  • #344
  • Nov 10, 2009 6:10pm Nov 10, 2009 6:10pm
Quoting PipsRider
Hi everyone, i just want to know if someone can tell me why the template posted on the first post on this thread don t work ? When i applied on my chart it freeze and i need to shut down my plateform and i have the mandatory indi in my MT4 indicators folder ! If someone has already answer this question please just tell me the number of post it already did Thanks

Luk

P.S. i thinks it s because of xADR 0.2 it has a bug !
Yeah this indy has a bug that mucks with the template. Make a template without it and put it on later.
I really liked the look of this Asian hours trade --went double normal lots
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We are all One. Be present. Be the Observer
  • #345
  • Nov 10, 2009 6:15pm Nov 10, 2009 6:15pm
Quoting Iamfx
Yeah this indy has a bug that mucks with the template. Make a template without it and put it on later.
I really liked the look of this Asian hours trade --went double normal lots

Thanks Iamfx for the quick reply !

Luk
  • #346
  • Edited 10:03pm Nov 10, 2009 9:42pm | Edited 10:03pm
Ok... Ok... Ok...

So, there has been some debate in the recent past over the dangers of mixing drinks. Personally, I can see the merits in both sides of the debate, which is an occupational hazard in my line of work...

As a new trader who DOES NOT have a decade of trading experience under my belt, I can see the merit in trying to add indis to try to filter out bad trades. However, in watching one of Stuart McPhee's vidoes on Youtube the other day, his offsider made a very interesting observation that all of us already know anyway... he said that ALL indi's are based on four elements: Open, Close, High and Low. Everything that we can already see in the PA on a naked chart...

Its for this reason that Stuart trades naked, save for observing peaks and troughs and a couple of MA's... He find's indi's do not give him a significant edge.

The purpose of this post, however, is to illustrate where this system came from. Long before there was this metre (Aussie Spelling) and that metre, there were two indi's on the charts. Just two. smC4ScalperSignals and MAincolorwAppliedPrice.

That was it!

Realistically, it was only one indi, given that the MA and the ScalperSignal both said the same thing...

It was traded in a very simple way.

The next post will have the entirety of this system, straight from the horses mouth.

For my own benefit, I have been going back through old posts, trying to get this thing back to its original form. Its hard to imagine having to trade without the benefit of Roy or Xecret's work, but, that's how we used to do it in the 'good old days'.

For those of us who have been around for since that time, I wonder if we did better trading off those scantily clad charts back in the 'good old days', as against how we are trading now?

As mentioned, I am in the process of going back through the old posts. Currently, I am up to where Royston introduces his indi back in late August. I have not tallied up how many pips Glen reported up till this time, but its a fairly staggering figure.

If he was able to pull those figures on the basis of 2 indi's (one really) and some simple entry criteria, maybe going back to kindergarden is not such a bad idea?

I am attempting to put all of Glen's post into a doc that can be used as a trading reference work. I would say that I have 'Part 1 - MTF: Naked and Sharp' complete, as I am up to Roy's additions. When its finished, if there is enough interest, I can post it on the thread.

Anyway, I offer the following for your consideration. Hopefully, it may bring back some good memories for some of us, and maybe set a few light bulbs off as well.

Regards,

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #347
  • Edited 9:49pm Nov 10, 2009 9:48pm | Edited 9:49pm
http://www.forexfactory.com/showpost...postcount=1036
http://www.forexfactory.com/showpost...postcount=1037
http://www.forexfactory.com/showpost...postcount=1038
http://www.forexfactory.com/showpost...postcount=1040
How do you make a small fortune in Forex? Start with a large one!
  • #348
  • Nov 10, 2009 11:03pm Nov 10, 2009 11:03pm
[quote=paidperpip;3223631]Ok... Ok... Ok...

So, there has been some debate in the recent past over the dangers of mixing drinks. Personally, I can see the merits in both sides of the debate, which is an occupational hazard in my line of work...

As a new trader who DOES NOT have a decade of trading experience under my belt, I can see the merit in trying to add indis to try to filter out bad trades. However, in watching one of Stuart McPhee's vidoes on Youtube the other day, his offsider made a very interesting observation that all of us already know anyway... he said that ALL indi's are based on four elements: Open, Close, High and Low. Everything that we can already see in the PA on a naked chart...

Its for this reason that Stuart trades naked, save for observing peaks and troughs and a couple of MA's... He find's indi's do not give him a significant edge.

The purpose of this post, however, is to illustrate where this system came from. Long before there was this metre (Aussie Spelling) and that metre, there were two indi's on the charts. Just two. smC4ScalperSignals and MAincolorwAppliedPrice.

That was it!

Realistically, it was only one indi, given that the MA and the ScalperSignal both said the same thing...

It was traded in a very simple way.

The next post will have the entirety of this system, straight from the horses mouth.

For my own benefit, I have been going back through old posts, trying to get this thing back to its original form. Its hard to imagine having to trade without the benefit of Roy or Xecret's work, but, that's how we used to do it in the 'good old days'.

For those of us who have been around for since that time, I wonder if we did better trading off those scantily clad charts back in the 'good old days', as against how we are trading now?

As mentioned, I am in the process of going back through the old posts. Currently, I am up to where Royston introduces his indi back in late August. I have not tallied up how many pips Glen reported up till this time, but its a fairly staggering figure.

If he was able to pull those figures on the basis of 2 indi's (one really) and some simple entry criteria, maybe going back to kindergarden is not such a bad idea?

I am attempting to put all of Glen's post into a doc that can be used as a trading reference work. I would say that I have 'Part 1 - MTF: Naked and Sharp' complete, as I am up to Roy's additions. When its finished, if there is enough interest, I can post it on the thread.

Anyway, I offer the following for your consideration. Hopefully, it may bring back some good memories for some of us, and maybe set a few light bulbs off as well.

Regards,

PPP[/quo

i also look back the whole thread of total 231 pages it is a lot man.but i found some very useful staff .i don't know how to made it become a document so i hope i am the first person to get your document!!http://cdn.forexfactory.com/images/icons/icon7.gif

wow this morning have three valid trade and i get the second profit already now i am feel so happy http://cdn.forexfactory.com/images/icons/icon7.gif
one more question the update stop(2) EA does not work ,i don't know why, i need to close it manually so frustrated .
  • #349
  • Nov 11, 2009 12:18am Nov 11, 2009 12:18am
[quote=weisiong00;3223723]
Quoting paidperpip
Ok... Ok... Ok...

So, there has been some debate in the recent past over the dangers of mixing drinks....
1) Is Expert Advisors button pushed on your toolbar?
2) Have you enabled live trading? Double click on in top right hand corner, under Common tab, ensure that 'Allow live trading' is ticked. Other than this, it may be an issue with your broker...

The EA should have a smiley face if its working...

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #350
  • Nov 11, 2009 2:18am Nov 11, 2009 2:18am
Quoting paidperpip
Ok... Ok... Ok...

So, there has been some debate in the recent past over the dangers of mixing drinks. Personally, I can see the merits in both sides of the debate, which is an occupational hazard in my line of work...

As a new trader who DOES NOT have a decade of trading experience under my belt, I can see the merit in trying to add indis to try to filter out bad trades. However, in watching one of Stuart McPhee's vidoes on Youtube the other day, his offsider made a very interesting observation that all of us already know anyway... he said...
Because I keep a record of all the trades I do, it is easy for me to go back and look at individual trades as well as the checklist that is " attached " to each screenshot. Going back to the April/May period (a very good period for trading) comparing charts and checklists, the only thing I changed was to incorporate Royston indi and drop the MA from the chart. It replaced the Scalpersignal indicator because it can do the same job over MTF.
I used to have a few charts open with different TF`s before Royston very kindly solved the problem. Nothing else changed, I still trade the same system, albeit with a slightly different looking chart.

I have picked up one change during this period that concerns me though, I am spending more and more time posting on forums trying to convince traders that simple is best, simple actually works. A few hundred posts later, reinventing the wheel a few times, trying out square wheels, oblong wheels,triangular wheels..I have to ask myself the question...what has been achieved?
I have changed nothing except making trading easier for myself because of the new indicators.

Starting this whole process all over by moving back to Square One is a logical step. Typing this sentence again on March 17 2010 is NOT logical!
As I am typing this both GBPJPY and EURJPY hit TP1 already, simple, effective and dare I say easy, if you stick to a simple trading strategy.

PPP , I really appreciate the effort you are putting into this thread and the effort that Irathi put into the manual. I need to step back and take a view whether I can justify the time and effort to go through the whole process again starting with a "clean slate". Everything that is required to trade MTF Trix successfully is here already, the only missing ingredient is the trader`s commitment, motivation and above all the desire to be successful. I can assist with everything else but the last part required to complete the puzzle is up to each individual to find.
" Never let the past hold the future to ransom "
  • #351
  • Nov 11, 2009 3:09am Nov 11, 2009 3:09am
Quoting Gleneagles
. ... reinventing the wheel a few times, trying out square wheels, oblong wheels,triangular wheels..I have to ask myself the question...what has been achieved?
I'm waiting for the 3D wheels...

You've led the horses to water...
  • #352
  • Edited 4:53am Nov 11, 2009 3:10am | Edited 4:53am
Quoting Gleneagles

Same checklist, same indicators I am using today, no MA, Stoch, Macd or any filter/ indicator, no inside information, no advice from a witchdoctor, just trading (and sticking) to a simple MTF strategy.

The only "really smart " part of this is that I was able to stick to a trading plan/strategy that works and managed to trade it consistently.
Wow!

Leaves one a little speachless... To think that the same potential exists in anyone who just follows the instructions, and does the work like a clerk...

Glen, feel free to delete the post if you wish, but in all honesty, anyone who gets thier nose out of joint because this setup is so successful and because you trade it to perfection, really has hold of the wrong end of the stick! Anyone who gets upset will be missing the entire point of you posting it in the first place - that the simple daily application of some basic trading rules pays off in the long run. Heck, even the short run.

Maybe it takes an account statement, something real and tangible, to show that it is possible. I hope so.

According to Paul Simon, proof is the bottom line for everyone. Here we have proof IN the bottom line.

I commend your desire to assist others to achieve. Even to the point of posting your personal statement...

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #353
  • Nov 11, 2009 3:47am Nov 11, 2009 3:47am
Quoting Gleneagles
Because I keep a record of all the trades I do, it is easy for me to go back and look at individual trades as well as the checklist that is " attached " to each screenshot. Going back to the April/May period (a very good period for trading) comparing charts and checklists, the only thing I changed was to incorporate Royston indi and drop the MA from the chart. It replaced the Scalpersignal indicator because it can do the same job over MTF.
I used to have a few charts open with different TF`s before Royston very kindly solved the problem. Nothing...
Gleneagles,

I have the highest respect for you as well as PPP and anyone else who has poured alot of time, effort to bring this very simple and profitable FOREX SYSTEM to the community.

I have never had any doubt about the MTF TRIX system profitibilty. I doubled the H4 TF within 2 weeks. LIVE DEMO account shown here too.

I agree complete newbies and/or beginners on their trading journey need to concentrate on their mindset, money management side of their trading plan. I mean sit down and write in detail their own trading plan from A-Z.
If they are serious about trading...... this is step 1 and is mandatory.

In the trading plan pie chart: The method is what you have provided. Suggestions towards MM also has been provided. The rest of MM is personal and so is Mindset.

http://www.trading-plan.com/images/pie_chart.gif


The way forward for serious active traders is a group who have proof of their trading plan in writing.....

Have Proof they can trade this system profitabally with a set template(complete) given to them for a period of 3-4 weeks. This proof can be demo LIVE accounts with account statements of P/L daily, weekly, or at the end of proof period. I feel there has been too many versions used by traders here is because this area has been allowed by permission given.

"This thread is dedicated to assisting Eaglets who are learning to fly. In these pages you will find a home for various trading ideas that could not fit into a thread tied exclusively to one trading methodology."

With this above understanding I posted the divergence concept, which you personally were not slamming but others who hang on every word you say were beginning to misinterpretate this excellent variation. I was only using the same TRIX indicator momentum feature and PA too as a leading indicator.

I would like to propose that the idea of PRIVATE FORUM is a great idea, we saw for 24 hours the number of traders who posted their trades here with that proposal.

However, this thread can remain as the testing ground for newbies to prove the two main criteria I have mentioned above to graduate to the private forum for advanced trading.

1. Sending their trading plans in writing.
2. Given a set version of trix meter to use with all indicators on the checklist in the form of a complete template and ask for proof they can trade this MTF TRIX system profitablly.

There will no room for for any variation to the method you trade in terms of indicators or versions of indicators to be used. AND no additions of any indicators.

As you know I too have a mission to help as many as I can to trade sucessfully within my limits and happy to continue to do so.
  • #354
  • Nov 11, 2009 3:54am Nov 11, 2009 3:54am
Glen

As PPP says in his post..anyone who takes objection to your post would only prove their own narrowmindedness. For the rest of us, it can only inspire us to try our very best to put your ideas into practice. As you know I have not found this easy to do, but as per my post a few pages back, I am now fully committed to sticking with this method of trading.

I know that I and a lot of other traders have said "thank you" before, and we say it for many different reasons. For me the best (but not the only) reason is the lesson I learned was when you made me realise that the biggest problem I had to overcome was ME. I finally saw the light of day. As usual, you best summed it up in Post 350;

"Everything that is required to trade MTF Trix successfully is here already, the only missing ingredient is the trader`s commitment, motivation and above all the desire to be successful. I can assist with everything else but the last part required to complete the puzzle is up to each individual to find."

What else can I say, except: Thanks.

Freddi


[quote=Gleneagles;3224110]I will delete this post later because no doubt it will offend some traders and may create the impression that I am trying to " impress ".

Same checklist, same indicators I am using today, no MA, Stoch, Macd or any filter/ indicator, no inside information, no advice from a witchdoctor, just trading (and sticking) to a simple MTF strategy.

The only "really smart " part of this is that I was able to stick to a trading plan/strategy that works and managed to trade it consistently.[quote]
  • #355
  • Edited 4:50am Nov 11, 2009 4:21am | Edited 4:50am
Doing the whole debreif thing Glen suggested...

GU Long - Dumb move on my behalf. Things looked like they were going against me in early UK... I had a SL of 40 pips, but chickened out at 10 when GU and it's cohort seemed to be playing pingpong with the trix. Had I let it ride, it would have been a winner. As it was, -10 pips. Re-entered long a while later, and got TP1 at 25 pips, and TP2 just hit the SL for 0 pips. Overall, ended up with +15 pips.

GJ Buy - Similar story. Had SL set at 25, rather than 45. Had it been set correctly, would have picked up at least TP1 at 25 pips.

EJ Long - Yen pairs went on a rampage! Entered rather late (8 bars after confirmation) but picked up TP1 at +20 and TP2 at +30.

AJ Long - Similar story again to EJ. Only one TP set at 25 pips, purposefully just shy of the Daily R1.

UCAD Short - Arguably, the only copybook trade for the night. Chart attached. Looked too good to go past! Only one TP though at +25 pips, despite the 6 pip spread. (Thanks Axis!)

EG Short - Not sure what went wrong here... Maybe just a 15%er trade. The Trix lined up. There was a lower low. ATR and ADX were fine. No big numbers or pivots for miles. Having a dodgy SL at 15, rather than 35 saved me 20 pips in this case.

GU - -10
GU - +25
GJ - -25
EJ - +20, +30
AJ - +25
UC - +25
EG - -15

Moral of the story? Trust the TP's and SL's Glen has provided us with.

PPP
Attached Image (click to enlarge)
Click to Enlarge Name: now.gif Size: 31 KB
How do you make a small fortune in Forex? Start with a large one!
  • #356
  • Nov 11, 2009 4:27am Nov 11, 2009 4:27am
Quoting Gleneagles
I will delete this post later because no doubt it will offend some traders and may create the impression that I am trying to " impress ".

Same checklist, same indicators I am using today, no MA, Stoch, Macd...
Gotta love that profit factor and DD!! Never seen the like.
We are all One. Be present. Be the Observer
  • #357
  • Nov 11, 2009 4:51am Nov 11, 2009 4:51am
Quoting lrathi
Gleneagles,

I have the highest respect for you as well as PPP and anyone else who has poured alot of time, effort to bring this very simple and profitable FOREX SYSTEM to the community.

I have never had any doubt about the MTF TRIX system profitibilty. I doubled the H4 TF within 2 weeks. LIVE DEMO account shown here too.

I agree complete newbies and/or beginners on their trading journey need to concentrate on their mindset, money management side of their trading plan. I mean sit down and write in detail their own trading plan from A-Z.
If...

I appreciate the effort and time you have put into the manual and finding time to assist others.
I agree 100% with your comments.

You are aware of the fact that trading for me is not a private venture but a full time business. I need to balance my commitments and priorities to make sure that I don`t lose sight of the fact that I make a living from trading forex and that I have a substantial investment in it.

I would like to take a step back and refocus on my trading for a few days. I am discussing with PPP via PM a few options going forward. I am not going to make any promises because I simply cannot justify spending the time and effort on forums if it is at the expense of my trading activities.

There is food for thought, opportunity for self reflection , opportunity to pick up the ball and run with it as well as opportunities to go back to your old comfort ( or discomfort) zone. We all have the freedom of choice.
" Never let the past hold the future to ransom "
  • #358
  • Nov 11, 2009 4:54am Nov 11, 2009 4:54am
The only "really smart " part of this is that I was able to stick to a trading plan/strategy that works and managed to trade it consistently.

..............of every thing that has been said on the two MTF Trix threads this, for me at least, is the single most important
  • #359
  • Nov 11, 2009 8:04am Nov 11, 2009 8:04am
Quoting Gleneagles
Going back to the April/May period (a very good period for trading) comparing charts and checklists, the only thing I changed was to incorporate Royston indi and drop the MA from the chart.
Is the MTF RSI filter from last week's screenshots new or have you been using that for a while?
  • #360
  • Nov 11, 2009 9:37am Nov 11, 2009 9:37am
Quoting zznbrm
Is the MTF RSI filter from last week's screenshots new or have you been using that for a while?
It is part of a CCI/RSI MTF system and not part of MTF Trix. I was mixing ice cream and dog food to see whether I can make it easier for the traders to trade. I have scrapped the idea in the meantime because it makes no sense to mix and match and to fiddle with something that works very well. If an additional filter is ever required, Trix with different settings is the logical route to go. I am running a "different" look Trix though with 4 blocks on the chart instead of in the indicator window, it allows me to maximize the actual chart space.
Apologies if I created confusion with the indicator posted, stick with MTF Trix, it outperforms all MTF systems in any shape/size and format over a period of time.
" Never let the past hold the future to ransom "
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